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Jan 16, 2013
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i know that chuck haegel a month into this process is likely to be the secretary of defense and the defense department is adjusting accordingly. what did all of this say of chuck schumer. he is such a prominent sjewish leader? how can he flip-flop like this? >> the senators are to judge chuck haegel on his record. it throws the whole process. it does. and i wonder whether it doesn't do more harm than good at the end of the day. results matter. mr. haegle has a very, very poor record with regard to his mouth. >> with his mouth, i love that. john bachelor, you are both spectacular. i appreciate it. we had a tough time. that is it for this evening's show. thank you for watching. we will pursue much more tomorrow. [ male announcer ] this is not my home. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. b
i know that chuck haegel a month into this process is likely to be the secretary of defense and the defense department is adjusting accordingly. what did all of this say of chuck schumer. he is such a prominent sjewish leader? how can he flip-flop like this? >> the senators are to judge chuck haegel on his record. it throws the whole process. it does. and i wonder whether it doesn't do more harm than good at the end of the day. results matter. mr. haegle has a very, very poor record with...
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Jan 19, 2013
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except smash the defense department. the rest of it, the entitlements, the discretionary, the little entitlements, he doesn't want to touch them. >> i don't know. was there a question in there? >> i think somewhere. somewhere there's a question. >> i don't know what to say. i guess spending is not what the democrats run on. i see this repeatedly. this is the republican party platform. when the democrats propose spending, the republicans attack them for it. i mention always the $716 billion in medicare savings or spending cuts the president proposed last year. mitt romney attacked him for that. the republicans attacked him on that. the republicans can't even agree themselves on their spending cuts. remember the original ryan plan, newt gingrich called it right-wing social engineering. so when john boehner comes together with his plan b in december, there's no unanimity or consensus in the republican party about that. i think the gop has to get its own house in order. >> they're all screwed up. that's what i'm saying. >> b
except smash the defense department. the rest of it, the entitlements, the discretionary, the little entitlements, he doesn't want to touch them. >> i don't know. was there a question in there? >> i think somewhere. somewhere there's a question. >> i don't know what to say. i guess spending is not what the democrats run on. i see this repeatedly. this is the republican party platform. when the democrats propose spending, the republicans attack them for it. i mention always the...
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Jan 18, 2013
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i want to look at what is happening in the defense business, sequestration and the defense budget. >> if you could only see the look that teranova is giving you as you speak. >> pete and i are speaking the same thing. how is he qualified to talk about commercial airline when he flies all over the country privately? it doesn't make sense to us. >> i talk to people like you and i say what is it like? >> guys, guys. just to bring you back to a trade here on boeing what you're -- what are you truly risking? you're only looking for a couple dollars to the upside. it is dramatic they've been able to hold on for the price but why risk it to hold this level. that is not -- got to run v a great weekend. steve grasso. one of the biggest bears on netflix gets bullish all of a sudden. should you get in on the stock ahead of the results next week? we have a list of names to own as china's economy shows signs of rebounding more halftime up just after the break. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifa
i want to look at what is happening in the defense business, sequestration and the defense budget. >> if you could only see the look that teranova is giving you as you speak. >> pete and i are speaking the same thing. how is he qualified to talk about commercial airline when he flies all over the country privately? it doesn't make sense to us. >> i talk to people like you and i say what is it like? >> guys, guys. just to bring you back to a trade here on boeing what...
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Jan 15, 2013
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can you play that battle at sequester time instead of mindless cuts in defense and non-defense. >> right. >> you can play that game at the continuing resolution which is inside baseball which means you're going to chicken out again and just extend and extend and extend. this game is going to be played for months on end. >> so let's -- >> let me ask you this, senator. >> it does make no sense, and i'm glad you brought up the fiscal cliff deal, because in the fiscal cliff deal they added $4 trillion of new spending, so that's where i want to get your take on. i understand that you don't want to use the debt ceiling debate as -- as any leverage, you know. this is important. this is important for the u.s. as well as the world, so you don't want to use it as leverage, but why is it that it's always about taking off the gloves and fighting over it rather than coming up with real spending cut ideas? we still have not seen spending cut ideas to what we have, the 16.4 trillion or even, you know, projected spending, so where are the spending cut ideas, and when is that going to happen if you don't
can you play that battle at sequester time instead of mindless cuts in defense and non-defense. >> right. >> you can play that game at the continuing resolution which is inside baseball which means you're going to chicken out again and just extend and extend and extend. this game is going to be played for months on end. >> so let's -- >> let me ask you this, senator. >> it does make no sense, and i'm glad you brought up the fiscal cliff deal, because in the fiscal...
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Jan 17, 2013
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i don't think it's going to run away here, but it's very defensive. another name to look at, though, embraer, this is brazil's boeing, and these guys are getting very, very busy in the defense space in brazil, in late tip america. they are trying for contracts here, at 12 times next year's earnings, this is a very cheap stock. one of the best companies in the world. take a look at that. >> we are seeing a decline by about 4% in the afterhours session after its earnings report. jon fortt is on the conference call which just got under way. let's get the details from him. jon? >> yeah, melissa. they are talking right now about their process leadership, how they're able to make ships more efficiently than others. but taking a look at the numbers they reported, actually a little bit light on revenue. eps was better than expected. but they also got a tax benefit, the tax rate was 23% versus the expected 27%. and then their guidance, they guided to a midpoint, intel, of $12.7 billion when the street was looking for $12.9 billion. the pc client group, one of
i don't think it's going to run away here, but it's very defensive. another name to look at, though, embraer, this is brazil's boeing, and these guys are getting very, very busy in the defense space in brazil, in late tip america. they are trying for contracts here, at 12 times next year's earnings, this is a very cheap stock. one of the best companies in the world. take a look at that. >> we are seeing a decline by about 4% in the afterhours session after its earnings report. jon fortt...
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Jan 21, 2013
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charles hagel for defense. mr. john kerry, secretary of state. and mr. john brennan of virginia. there you go. >> great. >> well, thank you very much, everybody. [ applause ] >>> we're going to take a quick break here. when we return we'll break down what the next four years will mean for our economy and the united states of america. cnbc's coverage of the second inauguration of barack obama, we'll give you the president. >> no single person can train all the math and science teachers we'll need to equip our children for the future, or builds the roads and research labs that will bring jobs and businesses to our shores. now more than ever we must do these things together as one nation and one people. ♪ ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ starting at $37,800. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portf
charles hagel for defense. mr. john kerry, secretary of state. and mr. john brennan of virginia. there you go. >> great. >> well, thank you very much, everybody. [ applause ] >>> we're going to take a quick break here. when we return we'll break down what the next four years will mean for our economy and the united states of america. cnbc's coverage of the second inauguration of barack obama, we'll give you the president. >> no single person can train all the math and...
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Jan 21, 2013
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and, certainly, if you go before a jury, the defense lawyers can make a big point about the fact that, "you were there. you knew about it. why didn't you do anything at the time? now you're coming after them." >> in fact, former lehman ceo richard fuld seemed too be trying out that defense when he testified before congress in 2008. >> throughout 2008, the s.e.c. and the federal reserve conducted regular and, at times, daily oversight of our business and our balance sheet. they saw what we saw in real time. >> let's just assume for a moment that anton valukas' findings are true. i mean, isn't this just a free ticket for executives to say, "well, look. you know, lehman did so-and-so, and nothing happened to them." >> right, no, i think absolutely, that's a serious problem. i mean, obviously, there has been a tremendous financial crisis. the people who engaged in improper behavior need to be punished. i think it's critical for the s.e.c. to go after not just companies, but also individuals, where they have the evidence to do so. >> when lehman's bankruptcy was
and, certainly, if you go before a jury, the defense lawyers can make a big point about the fact that, "you were there. you knew about it. why didn't you do anything at the time? now you're coming after them." >> in fact, former lehman ceo richard fuld seemed too be trying out that defense when he testified before congress in 2008. >> throughout 2008, the s.e.c. and the federal reserve conducted regular and, at times, daily oversight of our business and our balance sheet....
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Jan 16, 2013
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hiring times are cautious especially for companies doing business in europe and defense. hiring plans specifically delays in six district due to fiscal uncertainties. let me show you individual comments from the districts when it comes to the fiscal uncertainties. real estate context with down side risk because of potential fiscal contraction. weaker holiday sales in new york to on-line shopping, mild weather and fiscal cliff concerns. in philadelphia, staffing agencies, watching reaction, quoting with serial fiscal cliff decisiones. cleveland, auto workers worried about the impact on sales. even in in dallas, where farmers are usually worried with rain. no, this time, worried about fiscal uncertainty. philly manufacturing was up in this survey, according to the base book. mandy? >> understood, thank you very much. breaking it all down for us, steve liesman, a terrorist attack where american citizens are among the dozens of people at an american gas plant. what more do we know, michelle? >> secretary of defense leon panetta said an overnight attack on the natural gas faci
hiring times are cautious especially for companies doing business in europe and defense. hiring plans specifically delays in six district due to fiscal uncertainties. let me show you individual comments from the districts when it comes to the fiscal uncertainties. real estate context with down side risk because of potential fiscal contraction. weaker holiday sales in new york to on-line shopping, mild weather and fiscal cliff concerns. in philadelphia, staffing agencies, watching reaction,...
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Jan 14, 2013
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they tell me, you need to fund our defense department, at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay this out for me. because they have the spending power. so i am required by law to go ahead and pay these ibms. separately they also have to authorize the raising of the debt ceiling in order to make sure that those bills are paid. what congress can't do is tell me to spend "x" and then say but we're not going to give you the authority to go ahead and pay the bills. and i just want to repeat because i think sometimes the american people understandably aren't following all the debates here in washington. raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. th
they tell me, you need to fund our defense department, at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay this out for me. because they have the spending power. so i am required by law to go ahead and pay these ibms. separately they also have to authorize the raising of the debt ceiling in order to make sure that those bills are paid. what congress can't do is tell me to spend "x" and then...
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Jan 17, 2013
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not cause more harm than good and we don't even talk about the statistics of firearms used in self-defense and those statistics actually can be quite compelling. >> lars, i just want to say to you. we may disagree on this we may not. as crazy as it may be, to me so much of this is about individual behavior. and they've taken the faith and they've taken the prayers out of our school system for many, many years. so much of this, lars, is about the impact on the kids of family breakup and no one wants to talk about family breakup. ben, i think -- >> can we talk about health care? >> you know family breakup, you month the faith, you know all this stuff play as role in this. you know this. >> that's where we need school counselors. we should have one counselor for every 250 kids. in this country it's now one in 500. part of what we saw in this it will make it easier for schools to get those counselors, easier for schools to get psychologists. what we know those types of be folks help us create the sort of bonded close knit school community that makes it possible. >> baloney. come on. larry, thi
not cause more harm than good and we don't even talk about the statistics of firearms used in self-defense and those statistics actually can be quite compelling. >> lars, i just want to say to you. we may disagree on this we may not. as crazy as it may be, to me so much of this is about individual behavior. and they've taken the faith and they've taken the prayers out of our school system for many, many years. so much of this, lars, is about the impact on the kids of family breakup and no...
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Jan 16, 2013
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i would go for -- i would go for more defensive stocks, utilities, dividend payers, consumer staples, things like that. we also like natural gas, north american energy. there are other special things, we're short the yen. but it changes dramatically. >> right. >> if and when you get the shock and you move to risk off, because when you don't want to own equities. >> no surprise, all the sectors you mentioned so far are very defensive. but at the same time, you see opportunity in small luxury names. why is that? >> yeah, that's the kind of thing that people even when they're stressed, they want to buy, whether it's a fancy bottle of booze , imported beer, something in a small box, maybe it's only cuff links, but it's in the blue box -- >> and that's just the desk right here, gary. >> blue box? >> you look for example at used merchandise stores, their stocks, they are growing in double digits. there's a lot of things that suggest that maybe three-quarters of the country still thinks we're in recession, and they are. real wages are declining, real per capita gdp is declining and those peo
i would go for -- i would go for more defensive stocks, utilities, dividend payers, consumer staples, things like that. we also like natural gas, north american energy. there are other special things, we're short the yen. but it changes dramatically. >> right. >> if and when you get the shock and you move to risk off, because when you don't want to own equities. >> no surprise, all the sectors you mentioned so far are very defensive. but at the same time, you see opportunity...
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Jan 19, 2013
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in defense of starbucks, they have a better brand not to mention, indeed, better coffee. you've got two ways to win, it could rally up to $14, i think that could be a conservative number or the stock could go to $16.24, i know, pretty precise, on a potential takeover bid. they seem to be addicted to coffee-related acquisitions as i'm addicted to coffee itself. it is at a 52-week high. and i'm willing to endorse buying the stock on a pullback. wait for some market -- believe me, it does happen, knock the stock down and then make your move. here's the bottom line, krispy kreme as this donutamid clearly shows is back. and it's giving you two ways to win. either the company gets taken ore or stays independent and grows like a weed. the only thing that gives me pause is the gigantic move in the share price. i'm begging, be patient, wait for a pullback and please use limit orders if you're going to buy kkd. let's go to bob in my home state of new jersey. bob? >> caller: boo-yah to ya, jim. >> how do you like that burger? cheese on it, onion, pickle, lettuce, that's from stewart
in defense of starbucks, they have a better brand not to mention, indeed, better coffee. you've got two ways to win, it could rally up to $14, i think that could be a conservative number or the stock could go to $16.24, i know, pretty precise, on a potential takeover bid. they seem to be addicted to coffee-related acquisitions as i'm addicted to coffee itself. it is at a 52-week high. and i'm willing to endorse buying the stock on a pullback. wait for some market -- believe me, it does happen,...
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Jan 14, 2013
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and it's interesting that a lot of times you have people who recognize that when it comes to defense spending. some of the same folks who say we got to cut spending or complain that government jobs don't do anything when it comes to that defense contractor in their district, they think, wow, this is a pretty important part of the economy in my district. and we shouldn't stop spending on that. let's just make sure we're not spending on those other folks. [ inaudible ] >> look, my hope is that common sense prevails. that's always my -- my preference. and i think that would be the preference of the american people and that's what would be good for the economy. so let me just repeat. if the issue is deficit reduction, getting our deficits sustainable, over time, getting our debt in a sustainable place, then, democrats and republicans in congress will have a partner with me. we can achieve that, and we can achieve it fairly quickly. i mean we know what the numbers are. we know what needs to be done. we know what a balanced approach would take and we've already done probably more than half
and it's interesting that a lot of times you have people who recognize that when it comes to defense spending. some of the same folks who say we got to cut spending or complain that government jobs don't do anything when it comes to that defense contractor in their district, they think, wow, this is a pretty important part of the economy in my district. and we shouldn't stop spending on that. let's just make sure we're not spending on those other folks. [ inaudible ] >> look, my hope is...
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Jan 18, 2013
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some of the things we're keeping an eye on is some of the defense stocks. right under the shadow because of the possible quester. they are getting cheap and they have possible cash flows. >> glad you mentioned earnings. >> so far it's been somewhat mixed. i mean the banking sector is turning out some good numbers. >> yeah. >> where do you expect we might see the surprises on the upside in terms of the fourth quarter? >> in terms of sectors? >> yeah. financials have obviously done well, and that's somewhat cyclical. what i expect to do well are the consumer staples. they have been chugging along, but i think some of their expenses and costs were pretty moderate in the fourth quarter, and i think with the -- with the change in the taxes that came through in january, usually better for staples than consumer discretionaries so hopefully we'll get good numbers from there. >> where would you be investing, peter sorrentino? you said you like the early cyclicals? what does that mean? who do you like here? >> well, really it's a wide brush right now. we like refiner
some of the things we're keeping an eye on is some of the defense stocks. right under the shadow because of the possible quester. they are getting cheap and they have possible cash flows. >> glad you mentioned earnings. >> so far it's been somewhat mixed. i mean the banking sector is turning out some good numbers. >> yeah. >> where do you expect we might see the surprises on the upside in terms of the fourth quarter? >> in terms of sectors? >> yeah....
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Jan 19, 2013
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. >> the other thing about the particular defense sector, in today's session, this is a sector people want to own in 2030 despite the looming fear of a sequester. >> no doubt about it. that is one of the issues and the market seems kplasant about it. the one thing i would say about boeing, if they did see dreamliner cuts -- as far as what their expectations -- earnings are expected to grow 4% in 2013 and expected to grow 20% in 2014. that's something that if you just look at this thing as a single digit grower for next few years, you probably won't pay the multiple you are now for it. >> if you want updates, be sure to follow us on twitter at cnbcoptions. if you're on facebook, stay posted on the transfer throughout the week facebook.com/optionsactions. up next the final call. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. ♪ [
. >> the other thing about the particular defense sector, in today's session, this is a sector people want to own in 2030 despite the looming fear of a sequester. >> no doubt about it. that is one of the issues and the market seems kplasant about it. the one thing i would say about boeing, if they did see dreamliner cuts -- as far as what their expectations -- earnings are expected to grow 4% in 2013 and expected to grow 20% in 2014. that's something that if you just look at this...
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Jan 18, 2013
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i hate the defensiveness. this is my theory on what's happened to intel. they have adopted a customer is always right attitude, but it turns out the customer was wrong. they had the wrong form factor, the wrong device. there was a moment in the call where it took my breath away, where paul said, they're talking about the fablet. this is a great american company. i'm like, you know, i actually said, i feel bad. >> they might have the wrong customers. if they have pc makers -- >> i know apple -- i did think this call was -- it was -- i mean, it's literally, are you guys getting any bang for your $10 million in research and development in 2012? they got the israel one going 24 hours. >> and chipotle. >> i shop and i go to factories. >> i have to tell you, this was an intel that was -- we're not as bad as you think. we're not as bad -- no, guys, have some pride. you're great. >> it seems at this point, jim t is a show-me stock. >> oh, is it ever. >> was there any mention of who might replace ottolini? did you see that in the transcript of your call? >> no. >>
i hate the defensiveness. this is my theory on what's happened to intel. they have adopted a customer is always right attitude, but it turns out the customer was wrong. they had the wrong form factor, the wrong device. there was a moment in the call where it took my breath away, where paul said, they're talking about the fablet. this is a great american company. i'm like, you know, i actually said, i feel bad. >> they might have the wrong customers. if they have pc makers -- >> i...
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Jan 15, 2013
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you're a smart guy. 50% of the the government spends it on those programs, another 10% on defense. what do you say they have to cut? >> i would say social security. they're living a lot longer. some of our members are well beyond retirement age. americans are working longer. >> 70? means test -- >> push retirement to 70. means test income on both social security and medicare. i do not thing that -- i think there smould be a mucher hee r higher. also push the age term. >> are you okay as a rich guy paying for other ee retirements. you're not going to get all that money. >> i don't mind. that's part of been an machinery and i understand it. i don't need benefits that i can support myself or my company pays for as a result of my employment. so i think will. numb were one is we've the foig out to -- going to be. we had a and the information and very little and job creation initiatives. that i have run out of yns a that tiftd level. >> i them he's going to hit the ground running which suh new team. spending cuts will be a reform in terms of spending money. the government can do a lot mo
you're a smart guy. 50% of the the government spends it on those programs, another 10% on defense. what do you say they have to cut? >> i would say social security. they're living a lot longer. some of our members are well beyond retirement age. americans are working longer. >> 70? means test -- >> push retirement to 70. means test income on both social security and medicare. i do not thing that -- i think there smould be a mucher hee r higher. also push the age term. >>...
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Jan 16, 2013
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the australian market bucked the down trend with the defense of telecos and health care stocks lending support. the sensex in action trading down by .5%. back to you. >> all right. thanks for that. we'll take a break. >>> still will to come, hong kong selling out new plans to show up housing woes. >>> okay, let's bring you up to speed with stories. hong kong's chief executive has delivered his first policy speech outlining measures to cool property prices, reduce pollution, and improve welfare. he said it's necessary to curb speculative activities in the real estate sector given the persistent housing shortage. he said more land would be allowed for development and that 67,000 private units are slated to come on to the market in the next three to four years. joining us from hong kong, andrew yun g, chairman of international consultants. what's your assessment of the problem with chinese property? and how -- are they right to try these measures? >> i think that hong kong is now in the depth of a lot of contradictions, that being from premier wen jiabao earlier on. the housing shortage a
the australian market bucked the down trend with the defense of telecos and health care stocks lending support. the sensex in action trading down by .5%. back to you. >> all right. thanks for that. we'll take a break. >>> still will to come, hong kong selling out new plans to show up housing woes. >>> okay, let's bring you up to speed with stories. hong kong's chief executive has delivered his first policy speech outlining measures to cool property prices, reduce...
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Jan 16, 2013
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embarrassing the president is one thing, but actually offering plans to cut medicare, social security, defense, oh, please. i'll believe it as i see it, even though i think it's important that it be done. both parties guilty of too much spending. the democrats witt vitriolic, t to make money to pay for it. and enough politics. the american investor figures out we're pretty long through the united states of three-ring circuses. the most important spur for investment is confidence. three issues that held up business formation and stock investing for a long time. put a drag on it. uncertainty of the presidential election, uncertainty of the fiscal cliff and the sequester debt ceiling argument. two big bad events, only one more station on the gauntlet. it simply isn't as scary or meaningful as when it comes to the stock market or new business formation. sorry, it won't sell as many parents, and it just won't. smart investors are making a bet they can't wait for the third of the three washington incursions to be finished. once a big bad event is passed, the rick of responding floods in. now we're a
embarrassing the president is one thing, but actually offering plans to cut medicare, social security, defense, oh, please. i'll believe it as i see it, even though i think it's important that it be done. both parties guilty of too much spending. the democrats witt vitriolic, t to make money to pay for it. and enough politics. the american investor figures out we're pretty long through the united states of three-ring circuses. the most important spur for investment is confidence. three issues...
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Jan 14, 2013
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president doesn't seem to show the slightest interest in reducing spending other than in the area of defense and maybe means testing for entitlements. so, chances for meaningful reduction in the growth of entitlements on the part of the republicans is almost nil. >> well, i mean, what -- what could the republicans have done? the senate didn't approve their own plan until, what, midnight on new year's day and it -- they will say, the republicans will say they were up against the wall and didn't want the country to go over the fiscal cliff. should we have gone over the fiscal cliff, since that was the reality, if, in fact, they would have pushed for spending cuts? >> maria, i'm not about to second guess them. these are very smart people -- >> well, you are second guessing them. this is what this interview is about. >> i just like to state where i believe where we are and what's going to happen. >> okay, what do you think happens? >> so, i think that the -- as a result of the tax increases, we are going to collect substantially less revenues than we thought we would. and that is because the fed
president doesn't seem to show the slightest interest in reducing spending other than in the area of defense and maybe means testing for entitlements. so, chances for meaningful reduction in the growth of entitlements on the part of the republicans is almost nil. >> well, i mean, what -- what could the republicans have done? the senate didn't approve their own plan until, what, midnight on new year's day and it -- they will say, the republicans will say they were up against the wall and...
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. >> the automatic spending cuts which affect discretionary spending as well as the defense department. each of them, they affect 8 to 10% reduction in expenditures. that's really painful to the gop but it's also very painful to the democrats, and i think that the threat of the sequester can get both parties to do what they need to do. that is, they need to sit in the room together and they need to hammer things out. instead of us lurching from one short-term solution to the next, hopefully they can do something that can last more than three or six months. it will be good for everyone. it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit. everybody likes to see the whole sheba
. >> the automatic spending cuts which affect discretionary spending as well as the defense department. each of them, they affect 8 to 10% reduction in expenditures. that's really painful to the gop but it's also very painful to the democrats, and i think that the threat of the sequester can get both parties to do what they need to do. that is, they need to sit in the room together and they need to hammer things out. instead of us lurching from one short-term solution to the next,...
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Jan 15, 2013
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anybody that shorts this stock has to play defense unless ackman has a catalyst that is not himself. >> well, but to your point, karen, you are saying the short squeeze, it could theoretically continue as the shorts get out, there could be more in but if you take the shares off the market -- >> out of circulation. >> it becomes smaller and the squeeze becomes more painful. >> and guy being as old school that he is -- >> that's my thing. >> i am old school. if you think this hasn't happened, it happened before. in the early 2000s, irvin jacobs, probably been on the network from time to time and carl icahn, who is a regular on the network, butted heads where jacobs actually took out an article empl'e imploring people short sales. and it went from $4, rallied to $18. he wound up being right and then carl wound up winning in tend. >> happens a lot. >> always useful. >>> all right, coming up next, why america's shopping malls could be a dying breed. we go dead mall walking with one of the industry's most vocal skrit ickes. >>> first, surf's up. two areas you may want to bail out on. stay
anybody that shorts this stock has to play defense unless ackman has a catalyst that is not himself. >> well, but to your point, karen, you are saying the short squeeze, it could theoretically continue as the shorts get out, there could be more in but if you take the shares off the market -- >> out of circulation. >> it becomes smaller and the squeeze becomes more painful. >> and guy being as old school that he is -- >> that's my thing. >> i am old school. if...
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Jan 18, 2013
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might by printing a trillion dollars this year and to -- again to play offense rather than just play defense. >> we don't have time to do all lists. we picked out help housing. i don't know if you just heard our interview with kyle bass. i asked him about the down side to the fed and what they are doing in the housing market. is the fed really helping housing? >> it is. and so pimco for the first time in seven years is petting as well in an upswing on the housing market. you can do that in different wayes. through physical markets, through nonagency mortgages or credits and equities that relate to the market as kyle bass said. they are helping the housing market in one particular way by keeping rate low. they do that through the zero interest rate policy, purchases on communications. there are three other things the feds could do and ben bernanke said a month ago in new york, these are the three. one is to look at supervisory things. including tell banks yes we want you to tighten credit but don't tighten too much. secondly, when crafting dodd-frank regulation, let's consider housing a littl
might by printing a trillion dollars this year and to -- again to play offense rather than just play defense. >> we don't have time to do all lists. we picked out help housing. i don't know if you just heard our interview with kyle bass. i asked him about the down side to the fed and what they are doing in the housing market. is the fed really helping housing? >> it is. and so pimco for the first time in seven years is petting as well in an upswing on the housing market. you can do...
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Jan 18, 2013
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defense secretary leon panetta is vowing to pursuit hostage takers saying the terrorist should be on notice that they will find no sanctuary, not in algeria, not in north africa, not anywhere. back to you. >> jackie, thank you very much. any time there is an attack like this, it grabs the attention of new york energy traders. sharon, what are they saying? >> it certainly has. even though this occurred in the gas facility, it is the oil markets that are most concerned here about the heightened geo-political risk any time an attack happens on an energy facility. of course algeria is an opec member and produces just under 2 million barrels per day of crude oil. this pales to a country like saudi arabia but heightens the risk premium that is of course in that part of the world, in north africa and middle east. also you add to that what happened yesterday. nuclear inspectors and officials, talks between them breaking down, failing to come to an agreement, diplomatic effort in terms of iran's nuclear capabilities. that is heightening the geo risk in this marketplace. you have prices above
defense secretary leon panetta is vowing to pursuit hostage takers saying the terrorist should be on notice that they will find no sanctuary, not in algeria, not in north africa, not anywhere. back to you. >> jackie, thank you very much. any time there is an attack like this, it grabs the attention of new york energy traders. sharon, what are they saying? >> it certainly has. even though this occurred in the gas facility, it is the oil markets that are most concerned here about the...
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Jan 16, 2013
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defense secretary leon panetta while speaking to reporters in italy called this a terrorist attack so the u.s. will take, quote, all necessary and proper steps. we are showing you the actual facility in algeria. the google map, google earth. a group affiliated for al qaeda has claimed responsibility for the attacks, in retaliation for france's military intervention into the country of mali which borders algieria. france began that intervention last week to try to combat islamic militants that work in that country. the hostages include not only americans but french, british, norwegian, japanese and an irish citizen as well. and according to information about algeria on bp's website, algeria supplies 30% of europe's natural gas. bill, back to you. >> thank you very much, michelle. more as that story continues to unfold. meantime, headed towards the close. 50 minutes left. the dow down 20 points. virtually all of that attributable to the decline in boeing today f.boeing weren't down as much as it is, the dow would be unchanged right now. >> pretty extraordinary story going on in boeing.
defense secretary leon panetta while speaking to reporters in italy called this a terrorist attack so the u.s. will take, quote, all necessary and proper steps. we are showing you the actual facility in algeria. the google map, google earth. a group affiliated for al qaeda has claimed responsibility for the attacks, in retaliation for france's military intervention into the country of mali which borders algieria. france began that intervention last week to try to combat islamic militants that...
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Jan 17, 2013
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i continue to play defense. i listen to rick and mike and josh, and what i'm also hearing out of michael santoli and rick santelli, kind of a test, same day, come on, guys. when i listen to them both i'm hearing that bullish markets, bull market psychology. there's a certain complacency that comes along with a bull market where people begin to discount bad news. you throw bad news up and they say don't worry about that. look at the good points. the reverse happens in a bear market where we embrace the bad news and know there's never a ray of sunshine ever. we're in that discounting phase, and it feels complacent. it's a time to be cautious, so i think balance sheets matter. >> right. >> income matters and earnings really matter. >> very good. >> if you look at -- if you look at that philly fed this morning a great example. the market looked at that and said whatever. >> exactly. >> small caps and mid-caps didn't dip on the news. >> ignoring the bad news and going for the good news. >> real quickly, guys. on the
i continue to play defense. i listen to rick and mike and josh, and what i'm also hearing out of michael santoli and rick santelli, kind of a test, same day, come on, guys. when i listen to them both i'm hearing that bullish markets, bull market psychology. there's a certain complacency that comes along with a bull market where people begin to discount bad news. you throw bad news up and they say don't worry about that. look at the good points. the reverse happens in a bear market where we...
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Jan 15, 2013
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that the politicians are going after, the semiautomatics are the most popular guns bought for self-defense. we need to look at whether these measures are actually going to have an impact or not and a lot of them are just political and are not going to keep our children safer. >> robert costa, we heard from senator joe manchin over the weekend and others. they want a broad base. they said you're not going to get a semiautomatic ban unless you have bettered attention to mental illness and obama today said that the gun lobby people were ginning up fear among americans who otherwise want reform. where is this thing going to play out? >> larry, i just walked over here in the u.s. capitol. the house is now back in session. i spoke with some lawmakers. especially among republican legislator, there's not a clamor to move towards an assault weapon ban, but there's a real discussion about background checks, about limiting the amount of bullets that could be in a magazine. and these are only preliminary discussions. so what president obama did today by talking about an executive order, he is trying t
that the politicians are going after, the semiautomatics are the most popular guns bought for self-defense. we need to look at whether these measures are actually going to have an impact or not and a lot of them are just political and are not going to keep our children safer. >> robert costa, we heard from senator joe manchin over the weekend and others. they want a broad base. they said you're not going to get a semiautomatic ban unless you have bettered attention to mental illness and...
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Jan 15, 2013
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half of the year and every single central bank in the world reflating so you're very bull strategic defense initiative. >> very bullish. >> i guess the question is are you able to buy into that market at much lower houses? how substantial could a decline be on the so-called bumps in the road? there's some precedent for that. not the first time we've been through it. we've been back through it in 2011 and there's a significant pullback. there's a bit of a been there, done that and we haven't seen the kind of volatility we've seen and in the difference of backdrop the republicans sort of have their backs against the wall. they were forced to concede on taxes during the cliff debate, and now i think this is their chance to get concession on spending, and i think they are going to do that. this is going to go to the wall and that will create volatility. >> the president has been very clear. he's not going to negotiate on the debt ceiling. >> that's how politicians talk. at the end of the day negotiations will have to happen. >> he has to? >> you're not al lone in being wildly bullish right now
half of the year and every single central bank in the world reflating so you're very bull strategic defense initiative. >> very bullish. >> i guess the question is are you able to buy into that market at much lower houses? how substantial could a decline be on the so-called bumps in the road? there's some precedent for that. not the first time we've been through it. we've been back through it in 2011 and there's a significant pullback. there's a bit of a been there, done that and we...
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it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, forget it. >>> tim geithner celebrating last night. >> still on a budget. >> so no alcohol served, we know that much, but at least hopefully geithner got some cake. what message should have been written on his farewell cake? tweet us. we have a new handle, we've got your responses throughout the morning. we'll share your responses. >> how about thank you for saves the american banking some system? >> some people like that. >> i think tim geithner did a fabulous job, wish him very well. in the meantime, a big reason why you should prepare more for the salad. the cold hard facts later in the show, but first. >>> coming up, not exactly ocd behavior, but certainly something requires -- and nobody does it like jim cramer. six stocks in 6 on seconds, when "squawk on the street" returns. >>> the s.e.c. issue, give me a break. it looks -- don't sell it for that. >> jeffries leapwire hold or sell? >> i was talking to david fablers, always breaking stories about this group. i don't think -- >>
it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, forget it. >>> tim geithner celebrating last night. >> still on a budget. >> so no alcohol served, we know that much, but at least hopefully geithner got some cake. what message should have been written on his farewell cake? tweet us. we have a new handle, we've got your responses throughout the morning. we'll share your responses. >> how about thank you for saves...
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Jan 14, 2013
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>> and then i think new england's defense trying to stop the 49ers makes me think, i hate to say that with respect to bob craft but that was a great ending for seattle. wasn't it? because you got to see russell millsen and he did not -- he did everything that was ek expected of him except he left 30 -- they got in the end zone too quickly. they left 31 seconds -- >> yeah. i mean -- i went out to walk the dog, no, no, so i got the field goal and it was 33 and i was like, 30 seconds. >> game's over. >> and i just did a refresh on the blackberry, and they have the result. and i'm like -- different thankfully. it was unbelievable. >> the return on the kickoff he got to about the 40. it was like oh, my god. possible. and then you saw pete carroll call a time-out. >> i don't know what to do with that. >> are you a giant fan? >> no, i'm a -- my loyalty -- >> no my loyalty falls with the jets because -- >> my loyalty falls with the jets. >> when can we start talking about basketball? >> almost not too soon. >> he's already ready for march madness. >> two undefeated teams went down this past w
>> and then i think new england's defense trying to stop the 49ers makes me think, i hate to say that with respect to bob craft but that was a great ending for seattle. wasn't it? because you got to see russell millsen and he did not -- he did everything that was ek expected of him except he left 30 -- they got in the end zone too quickly. they left 31 seconds -- >> yeah. i mean -- i went out to walk the dog, no, no, so i got the field goal and it was 33 and i was like, 30 seconds....
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retail sales picking up, but defense against different issues. you know, for example, what the economy is going to look like in its entirety for the fourth quarter. gdp of course for the first quarter is going to be coming out at the end of this month. we're going in with a minus 45 or so on dow opening new york futures. they've shaved that by about eight or nine points. looks like we're going to slip under 3% in the 30 year and we're testing 180. excuse me, 30 year testing 180 in a ten year so i guess the best cure for all the nervousness about rising rates is just a little slippage in equities. definitely along with mr. ben bernanke comments i guess possibly as well. back to you. >> okay, rick, thank you. why don't you stay there and get some more commentary on these numbers. steve liesman is here on set. john writing is chief economist at rdq economics. steve a lot of numbers to run through. >> yeah. >> retail sales a little better than expected. bad news is the empire state numbers. >> we've had weakness there, and the weakness remains, and t
retail sales picking up, but defense against different issues. you know, for example, what the economy is going to look like in its entirety for the fourth quarter. gdp of course for the first quarter is going to be coming out at the end of this month. we're going in with a minus 45 or so on dow opening new york futures. they've shaved that by about eight or nine points. looks like we're going to slip under 3% in the 30 year and we're testing 180. excuse me, 30 year testing 180 in a ten year so...
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Jan 17, 2013
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the government can pay just the interest, social security and defense spending meaning military salaries. markets, of course, democrats say they're going to demand higher wage because of this. republicans will suggesting they'll overlook this gridlock. finally on the economy, a lot of folks saying it would cause a depression. republicans say, there are temporary effects here. now, okay, so let's do this. could you, if you were treasury secretary, so you make spending equal cash flow? get ready to play folks? the debt ceiling game, calling this the home edition, here are different items in the government, in the federal government budget, what you've got to do is check a box, fund it or don't fund it. now we've rigged this now so we've worked on tv. we're going to fund all these things. and what we're going to do is we're going to make our spending equal the cash flow of 277 billion dollars so we're going to pay the interest, we're going to pay medicare, medicaid, social security, military pay, retirement, veterans benefits and defense vendor payments, federal salaries. okay got it. 275.
the government can pay just the interest, social security and defense spending meaning military salaries. markets, of course, democrats say they're going to demand higher wage because of this. republicans will suggesting they'll overlook this gridlock. finally on the economy, a lot of folks saying it would cause a depression. republicans say, there are temporary effects here. now, okay, so let's do this. could you, if you were treasury secretary, so you make spending equal cash flow? get ready...
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Jan 15, 2013
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it will start with the defensive sectors and gradually move on to the more -- let's say exotic sectors and the more volatile sectors. >> i just wonder, you know, from jpmorgan yesterday, which is actually aggressively underweight u.s. relative to japan as well as emerging asian markets. and it says the u.s. has been underperforming since last summer. with the debt ceiling looming, now, in fact, is the time to pair positions. so even if you like equities maybe longer term, you know, are there not reasons here to be a little bit more cautious? >> well, there is. i think contrary to 2012, which was really a year of buy and hold and it performed well in all asset classes, volatility on the fixed income, for example, was at historic lows, i think this year is definitely going to be different. and it will lead to have a very dynamic strategy. at this stage, we have 30% equity and it will go up gradually according to the economic cycle. one should not forget -- and i think that's the big mistake that the analyst made in the beginning of the year is that the fiscal cliff discussion will not ha
it will start with the defensive sectors and gradually move on to the more -- let's say exotic sectors and the more volatile sectors. >> i just wonder, you know, from jpmorgan yesterday, which is actually aggressively underweight u.s. relative to japan as well as emerging asian markets. and it says the u.s. has been underperforming since last summer. with the debt ceiling looming, now, in fact, is the time to pair positions. so even if you like equities maybe longer term, you know, are...
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Jan 14, 2013
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they're expecting to be down double digits, followed by aerospace and defense. companies like boeing, lockheed martin, call back in the third quarter, they came out with earnings for the fourth quarter saying they expected the end of the year to be rather slow. that's not so much of a surprise there. >> yeah. we just heard from daniel morris that he quite liked consumer discretionary. what do you think they're going to post? >> about 11.6%. i would getaway with what your last two guests said. although we have mixed data over the holiday season with mastercard coming out, calling it the weakest season since 2008. however, we ever strong same-store sales. tomorrow, we'll see how the holiday season fared when we get retail sales figures. but so far, analysts expect it to be the strongest sector. but, really, we're seeing the strength in house hold billables. that strength is expected to be up about 50% based on strength within the home builders. we're looking at companies like pulte group and lennar expecting triple digit year on year growth base odd a return in th
they're expecting to be down double digits, followed by aerospace and defense. companies like boeing, lockheed martin, call back in the third quarter, they came out with earnings for the fourth quarter saying they expected the end of the year to be rather slow. that's not so much of a surprise there. >> yeah. we just heard from daniel morris that he quite liked consumer discretionary. what do you think they're going to post? >> about 11.6%. i would getaway with what your last two...
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Jan 16, 2013
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the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> goldman sachs report iing fourth quarter earnings much higher than expected. wow, it was a really big beat. we have an earnings guru here. he asks the question, why isn't the stock even higher this morning? roger, what's your take? >> the beat was two things. one a much lower comp ratio. the way that works, tends to get chewed up in the fourth quarter. an out sized beat and the other longer lending, investments and private equity got marked up a fair amount. i think people were expecting that to be a source of upside. the real beat was in compensation. given it's so weighted to the fourth quarter, the beat isn't as big as it looks. the full year ratio for compensation came out to 34%, it was 32% last year. to the extent there's a longer term lower accrual level to be factored in here, earnings are biased up. >> was that politically driven, do you think? >> i think it's a function of a lot of things. i think that -- i think market conditions are probabl
the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >>> goldman sachs report iing fourth quarter earnings much higher than expected. wow, it was a really big beat. we have an earnings guru here. he asks the question, why isn't the stock even higher this morning? roger, what's your take? >> the beat was two things. one a much lower comp ratio. the way that works, tends to get chewed up in the fourth...
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it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. >>> the top spot at sirius satellite radio in 2004, left the company about a month ago. during his time as ceo, the subscribers jumped to 23 million. and avoided a very close call with bankruptcy in 2009, when john malone's liberty media injected $530 million in return for 40% stake. that stake now just under 50%. one key reason mr. karmazin stepped down. we're joined by mel karmazin, first interview since he retired. but he hasn't really retired. am i going
it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from...
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Jan 18, 2013
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the defense secretary, leon panetta, is saying, quote, terrorists who murder or kidnap americans will be hunted down. one escaped hostage is saying that he had plastic explosives strapped around his neck. his brother spoke about the terrifying moments. >> yeah. we just found out recently that he'd been made to sleep with semtex tied around his neck. he had duct tape over his mouth and his hands tied and we find out how he got free. and was removing five convoy loads from a different part of the compound and one of the jeeps steven was in, there were five jeeps, and the algerian army had bombed the jeeps, and out of five jeeps, the bombs -- four of them were hit and wiped out and obviously they lost their lives. luckily enough for my brother he was in the jeep that crashed, and she was able to make a brea for freedom with the semtex around his neck. >> pretty calm account from the brother. but the little boy, the son of the escaped hostage here, expressing relief and tears over the news that his dad finally among those hostages who were freed and hopefully on his way home to reunite wi
the defense secretary, leon panetta, is saying, quote, terrorists who murder or kidnap americans will be hunted down. one escaped hostage is saying that he had plastic explosives strapped around his neck. his brother spoke about the terrifying moments. >> yeah. we just found out recently that he'd been made to sleep with semtex tied around his neck. he had duct tape over his mouth and his hands tied and we find out how he got free. and was removing five convoy loads from a different part...
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Jan 18, 2013
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. >>> and while we don't know for sure how many americans are still being held hostage, defense secretary leon panetta is issuing a stern warning to their kidnappers. >> we are working around the clock to ensure the safe return of our citizens. terrorists should be on notice that they will find no sanctuary, no refuge, not in algeria, not in north africa, not anywhere. those who would wantonly attack our country and our people will have no place to hide. >> cnn national security contributor and former homeland security adviser to president george w. bush fran townsend joins us now. welcome, fran. >> hi. >> we understand the united states has a plane in algeria and it's transporting americans and other westerners out of the country, some of those people are injured. do you know anything about this operation? >> no, carol. but, you know, what we're hearing is that the algerians couldn't coordinate with any of the foreign governments that had hostages on the ground. it's not all that surprising. it's not the way you want it to go if you're the american president or the british prime minister
. >>> and while we don't know for sure how many americans are still being held hostage, defense secretary leon panetta is issuing a stern warning to their kidnappers. >> we are working around the clock to ensure the safe return of our citizens. terrorists should be on notice that they will find no sanctuary, no refuge, not in algeria, not in north africa, not anywhere. those who would wantonly attack our country and our people will have no place to hide. >> cnn national...
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Jan 20, 2013
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one thing that has stood out so far is the sort of power positions have all gone to white men, defense, treasury, state. they're all going to white men. so is this -- is he going to put women in other positions? and what's it going to take to get a woman in one of those big power spots? >> well, i think we're going to have to look at the picture as a whole when the president is done. having served this president, knowing the women who have served him who are still there today, these are extremely influential, powerful women with a strong voice with regard to what's going on on a day-to-day basis. but we can't make a decision and a determination until the full picture comes to be. and i would also say that when you look at the issues, homeland security, janet napolitano, making sure health care reform is implemented. kathleen sebelius. the list goes on. there are very, very smart, very influential women already in his cabinet and i know are going to be there. >> the second term is when that "l" word, legacy, comes into play. you're a veteran of this white house and also a veteran of wor
one thing that has stood out so far is the sort of power positions have all gone to white men, defense, treasury, state. they're all going to white men. so is this -- is he going to put women in other positions? and what's it going to take to get a woman in one of those big power spots? >> well, i think we're going to have to look at the picture as a whole when the president is done. having served this president, knowing the women who have served him who are still there today, these are...
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Jan 17, 2013
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for viewers who been football fans, that's like the quarterback of the defense. it relies as much on trust and leadership skills as it does on physical ability. the idea that a team would say, you're our middle linebacker, you're our quarterback on the defense, but, by the way, maybe half your teammates think you might have serious issues that need to be dealt with, and that you might not be an honest person, that will hang over him, even if he ferociously sticks and notre dame ferociously sticks to the story that he was the victim of a three-year hoax, but i've got to tell you. there's going to be a lot of drip, drip, drip out of notre dame on this. you're already beginning to hear it. former players, former teammates, asking questions. and it's really sad. >> yeah. tell you what, leigh steinberger agrees. a big brand. a package deal is a package deal. hope we can get more information out of this but soon. thank you. >>> more bad news ahead for boeing. the 787 dreamliners on the ground. all around the world, in fact. and the reason -- safety. your safety. we'll
for viewers who been football fans, that's like the quarterback of the defense. it relies as much on trust and leadership skills as it does on physical ability. the idea that a team would say, you're our middle linebacker, you're our quarterback on the defense, but, by the way, maybe half your teammates think you might have serious issues that need to be dealt with, and that you might not be an honest person, that will hang over him, even if he ferociously sticks and notre dame ferociously...
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defense official says none were american. and other released hostages have begun telling of their ordeal. >> very, very relieved to be out. >> it happened so fast. >> my heart goes out to the guys that are still there and hopefully everyone comes home safe. because at the end of the day, it's only work, you know? >> reporter: but among the countries whose citizens were seized, frustration is spilling over at the algerian government's violent operation. >> mr. speaker, we were not informed of this in advance. i was told by the algerian prime minister while it was taking place. >> reporter: officials from the u.s. and other countries say they had no heads-up on the operation, were provided contradictory information on the raid and on the status of their citizens. the white house says president obama is receiving regular updates on the raid, that the administration is in constant contact with the government of algeria and has been clear that our first priority is the safety and security of the hostages. the u.s. defense secretar
defense official says none were american. and other released hostages have begun telling of their ordeal. >> very, very relieved to be out. >> it happened so fast. >> my heart goes out to the guys that are still there and hopefully everyone comes home safe. because at the end of the day, it's only work, you know? >> reporter: but among the countries whose citizens were seized, frustration is spilling over at the algerian government's violent operation. >> mr....
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Jan 19, 2013
01/13
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fran, i want to ask you about something defense secretary leon panetta has said. part of this you just heard from chris lawrence but i have another part that i want you and our viewers to hear. here is leon panetta. >> terrorists should be on notice that they will find no sanctuary, no refuge, not in algeria, not in north africa, not anywhere. we've got to go after al qaeda wherever the hell they're at and make sure they find no place to hide. >> i know he means it, but the problem is that was in december. this is now. they've been saying that after they were saying al qaeda was on the run. now they're saying we're going to go after them. but yet are we going after them? are the terrorists at this point feeling the united states says this, but what are they doing? >> i'm sure they do because as you say the passage of time. let's be clear, sometimes it's very hard to strike back right away. fbi director bob muller was in libya talking to the investigators this week. i expect that the investigation is going on. but remember after the east africa embassy bombings, pr
fran, i want to ask you about something defense secretary leon panetta has said. part of this you just heard from chris lawrence but i have another part that i want you and our viewers to hear. here is leon panetta. >> terrorists should be on notice that they will find no sanctuary, no refuge, not in algeria, not in north africa, not anywhere. we've got to go after al qaeda wherever the hell they're at and make sure they find no place to hide. >> i know he means it, but the problem...
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Jan 19, 2013
01/13
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talking to some of the folks putting this on, these are hand-picked families from the department of defense, folks from the fischer house, blue star families, the wounded warrior project. and i talked to one dad who was with his daughter, and he wanted to say thank you to the president, thank you to the first lady, to make this so special. watch. >> it's big. it is. it really -- makes everything we go through, you know -- we look around now and it's so beautiful here. and we've been through some hard times. and you know, we looked around at other times and it was kind of different. so to know that they care enough about those times, you know, to put on things, you know, here back home, it just feels wonderful. >> reporter: so as we look forward to this in about an hour and a half, don lemon, you have, of course, malia and sasha, the first daughters are here. i have been told the grand daughters of dr. joe biden will be here as well. so far no word on whether they'll be on stage. if this is like 2009, i have a feeling we will see them showing off some moves on stage later. nick cannon is hos
talking to some of the folks putting this on, these are hand-picked families from the department of defense, folks from the fischer house, blue star families, the wounded warrior project. and i talked to one dad who was with his daughter, and he wanted to say thank you to the president, thank you to the first lady, to make this so special. watch. >> it's big. it is. it really -- makes everything we go through, you know -- we look around now and it's so beautiful here. and we've been...